REGISTERED NUMBER: 01707850 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 30 June 2025

for

D S L Group (Nottingham) Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTORS:

M S Landa

I S Landa

C S Landa

K S Landa

H J Patel

REGISTERED OFFICE:

Birchwood House Unit A Willow Drive

Sherwood Business Park

Annesley

Nottingham

Nottinghamshire

NG15 0DP

REGISTERED NUMBER:

01707850 (England and Wales)

AUDITORS:

Duncan & Toplis Audit Limited

Statutory Auditor

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

The directors present their strategic report for the year ended 30 June 2025.

REVIEW OF BUSINESS

The 2025 financial year marks a strong recovery for D S L Group (Nottingham) Limited. Following last year's demerger and relocation to our new Birchwood House facility, the business has now stabilised and moved into a period of disciplined growth and improved profitability.

Despite a challenging economic climate and cost pressures across the retail sector, the company has delivered a resilient performance. Improved operational efficiency, tighter cost control, and a sharper commercial focus have strengthened margins and reduced returns. The benefits of our consolidated operations and strengthened leadership team are now fully reflected in the results.

The company made a profit before tax of £497,895 for 2025 compared to a loss of £1,559,912 in the previous year. Strong revenue growth, improved gross profit, and a 29% reduction in overheads have underpinned this turnaround. Category development, increased field compliance, and enhanced partnerships with national retailers have also contributed to the improved performance.

With a more efficient cost base, a modern operational facility, and a focused trading strategy, the company is well-positioned for continued growth in the year ahead.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors consider the potential risks to be similar to those faced by similar companies in the sector, principally to do with the continuity of supply, the maintenance of their customers, foreign exchange variations and more specifically the continued impact from inflation.

Considerable emphasis is devoted to maintaining service levels with customers and working closely with suppliers on logistical and quality issues to ensure that high levels of performance are achieved.

Staff are encouraged to fully contribute to the business and the directors recognise that the future success of the business depends on the retention and dedication of key employees. Targeted remuneration packages, which the directors consider to be attractive by industry standards, are offered to mitigate this risk and encourage development.

KEY PERFORMANCE INDICATORS

The key performance indicators that the directors monitor the business by are levels of turnover achieved, margins achieved, net current assets position and the cash generation of the business. All these indicators are monitored monthly.

ON BEHALF OF THE BOARD:

M S Landa - Director

15 December 2025

The directors present their report with the financial statements of the company for the year ended 30 June 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of sale of promotional and non-food products through a network of petrol stations and convenience stores.

DIVIDENDS

The total distribution of dividends for the year ended 30 June 2025 was £nil (2024 - £1,362,398). The dividend arose due to the demerger referred to in the Strategic Report.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 July 2024 to the date of this report.

M S Landa

I S Landa

C S Landa

K S Landa

H J Patel

QUALIFYING THIRD PARTY INDEMNITY PROVISIONS

The company has arranged qualifying third party indemnity for all of its directors.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

M S Landa - Director

15 December 2025

Opinion

We have audited the financial statements of D S L Group (Nottingham) Limited (the 'company') for the year ended 30 June 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 30 June 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Extent to which the audit was considered capable of detecting irregularities, including fraud

The capability to detect irregularities is based on the auditor identifying and assessing the risks of material misstatement of the financial statements, whether due to fraud or error, and then designing and performing audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

a) Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, the following approach was taken:

-

Understanding the nature of the industry and sector, control environment and business performance;

-

Consideration of the results of our enquiries of management and those charged with governance about their own identification and assessment of the risks of irregularities;

-

Understanding the company's policies and procedures on compliance with laws and regulations and management of fraud risk, including documentation of instances of non-compliance of laws and regulations and instances of actual, suspected or alleged fraud;

-

Consideration of matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud;

-

Understanding the legal and regulatory frameworks that the company operates in through enquiry of management and those charged with governance and understanding the company's industry and sector. The key laws and regulations that were considered to have an effect on material amounts and disclosures in the financial statements included the Companies Act and tax legislation.

b) Audit response to risks identified

Based on this understanding, the following audit procedures were designed and performed to respond to the risks identified.

-

Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations described as having a direct effect on the financial statement;

-

Enquiring of management, those charged with governance and, where applicable, the company's solicitors concerning actual and potential litigation and claims;

-

Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud

-

Reviewing minutes of meetings of those charged with governance and, where applicable, correspondence with regulators;

-

Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness and evaluating the business rationale of significant transactions outside the normal course of business.

-

Communication of potential fraud risks to all engagement team members and remaining alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mark Torr (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited

Statutory Auditor

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

16 December 2025

TURNOVER

3

8,910,190

7,686,199

Cost of sales

(5,805,137

)

(5,479,496

)

GROSS PROFIT

3,105,053

2,206,703

Distribution costs

(1,448,189

)

(1,501,500

)

Administrative expenses

(1,216,172

)

(2,275,529

)

440,692

(1,570,326

)

Other operating income

30,000

6,145

OPERATING PROFIT/(LOSS)

5

470,692

(1,564,181

)

Interest receivable and similar income

27,203

4,269

PROFIT/(LOSS) BEFORE TAXATION

497,895

(1,559,912

)

Tax on profit/(loss)

6

-

63,589

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

497,895

(1,496,323

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

497,895

(1,496,323

)

FIXED ASSETS

Intangible assets

8

14,147

7,773

Tangible assets

9

398,853

329,423

413,000

337,196

CURRENT ASSETS

Stocks

10

3,755,438

3,527,351

Debtors

11

2,112,135

2,028,514

Cash at bank

384,162

951,424

6,251,735

6,507,289

CREDITORS

Amounts falling due within one year

12

(2,221,593

)

(2,899,238

)

NET CURRENT ASSETS

4,030,142

3,608,051

TOTAL ASSETS LESS CURRENT LIABILITIES

4,443,142

3,945,247

CAPITAL AND RESERVES

Called up share capital

14

57,380

57,380

Capital redemption reserve

15

1

1

Retained earnings

15

4,385,761

3,887,866

SHAREHOLDERS' FUNDS

4,443,142

3,945,247

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by:

M S Landa - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 July 2023

10,000

6,746,587

1

6,756,588

Changes in equity

Issue of share capital

47,380

-

-

47,380

Dividends

-

(1,362,398

)

-

(1,362,398

)

Total comprehensive income

-

(1,496,323

)

-

(1,496,323

)

Balance at 30 June 2024

57,380

3,887,866

1

3,945,247

Changes in equity

Total comprehensive income

-

497,895

-

497,895

Balance at 30 June 2025

57,380

4,385,761

1

4,443,142

1.	STATUTORY INFORMATION

D S L Group (Nottingham) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d);

•

the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

•

the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;

•

the requirement of paragraph 33.7.

This information is included in the consolidated financial statements of HKL Holdings Limited and these financial statements may be obtained from Companies House, Cardiff, CF4 3UZ.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:

i) Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the economic useful lives and residual values of assets. The useful economic lives and residual values are reviewed annually.

ii) Stock provisions

In determining stock provisions, evaluation of future demand is considered and appropriate provisions made to reflect the risk of obsolescence. This is significantly affected by forecasted needs for stock. If actual demand or usage were to be lower than estimated, additional stock provisions for excess or obsolete stock may be required.

iii) Bad debt provisions

Bad debt provisions are made by the directors based on the age of the unpaid debt and the terms of trade.

Turnover

Turnover is measured at fair value of the consideration received or receivable and represents the amount receivable for goods supplied, net of returns, discounts and rebates allowed by the company and Value Added Tax.

The company recognises turnover when the following criteria have been met:

(a) the significant risks and rewards of ownership have been transferred to the buyer;

(b) the company retains no ongoing involvement or control over the goods;

(c) the revenue can be reliably measured;

(d) it is probable that the company will receive the consideration due under the transaction; and

(e) the costs incurred in respect of the transaction can be reliably measured.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

50% on cost and 20% on reducing balance

Fixtures and fittings

-

15% to 35% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the purchase price on a first-in, first-out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operate defined contribution pension schemes. Contributions payable to the company's pension schemes are charged to profit or loss in the period to which they relate.

3.

TURNOVER

The turnover and profit (2024 - loss) before taxation are attributable to the one principal activity of the company.

4.	EMPLOYEES AND DIRECTORS

30.6.25

30.6.24

£

£

Wages and salaries

1,494,092

1,997,161

Social security costs

145,935

211,870

Other pension costs

227,053

31,232

1,867,080

2,240,263

The average number of employees during the year was as follows:

30.6.25

30.6.24

Warehouse and packing

24

28

Distribution

19

20

Finance and administration

21

21

64

69

30.6.25

30.6.24

£

£

Directors' remuneration

203,531

414,374

Directors' pension contributions to money purchase schemes

-

9,056

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

-

1

Information regarding the highest paid director is as follows:

30.6.25

30.6.24

£

£

Emoluments etc

71,601

197,404

Pension contributions to money purchase schemes

-

9,056

5.	OPERATING PROFIT/(LOSS)

The operating profit (2024 - operating loss) is stated after charging/(crediting):

30.6.25

30.6.24

£

£

Other operating leases

255,163

208,675

Depreciation - owned assets

75,986

90,683

Profit on disposal of fixed assets

(209,470

)

-

Computer software amortisation

1,226

1,060

Auditors remuneration

22,400

23,500

Foreign exchange differences

(128,802

)

(98,043

)

6.

TAXATION

Analysis of the tax credit

The tax credit on the profit for the year was as follows:

30.6.25

30.6.24

£

£

Current tax:

Under/(Overprovision) of prior

year

-

(63,589

)

Tax on profit/(loss)

-

(63,589

)

UK corporation tax has been charged at 25% (2024 - 25%).

Reconciliation of total tax credit included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

30.6.25

30.6.24

£

£

Profit/(loss) before tax

497,895

(1,559,912

)

Profit/(loss) multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

124,474

(389,978

)

Effects of:

Expenses not deductible for tax purposes

793

5,396

Adjustments to tax charge in respect of previous periods

-

(63,589

)

Group relief

490

-

Utilisation of losses b/fwd

(125,757

)

384,582

Total tax credit

-

(63,589

)

7.

DIVIDENDS

30.6.25

30.6.24

£

£

Ordinary shares of £1 each

Interim

-

1,362,398

8.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 July 2024

10,600

Additions

7,600

At 30 June 2025

18,200

AMORTISATION

At 1 July 2024

2,827

Amortisation for year

1,226

At 30 June 2025

4,053

NET BOOK VALUE

At 30 June 2025

14,147

At 30 June 2024

7,773

9.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 July 2024

210,658

292,221

523,424

62,264

1,088,567

Additions

103,882

-

28,770

19,194

151,846

Disposals

(131,023

)

(164,686

)

(378,388

)

(31,695

)

(705,792

)

At 30 June 2025

183,517

127,535

173,806

49,763

534,621

DEPRECIATION

At 1 July 2024

131,023

193,804

391,284

43,033

759,144

Charge for year

18,352

25,735

23,802

8,097

75,986

Eliminated on disposal

(131,023

)

(164,686

)

(378,388

)

(25,265

)

(699,362

)

At 30 June 2025

18,352

54,853

36,698

25,865

135,768

NET BOOK VALUE

At 30 June 2025

165,165

72,682

137,108

23,898

398,853

At 30 June 2024

79,635

98,417

132,140

19,231

329,423

10.

STOCKS

30.6.25

30.6.24

£

£

Finished goods

3,755,438

3,527,351

Stock recognised in cost of sales during the period as an expense was £3,640,795 (2024: £3,375,211).

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

886,648

576,171

Amounts owed by group undertakings

225,328

-

Other debtors

35,000

782,136

Prepayments and accrued income

965,159

670,207

2,112,135

2,028,514

An impairment loss of £7,686 (2024: £196,608) has been recognised in profit or loss for the year in respect of bad and doubtful debts.

12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade creditors

950,731

1,084,924

Amounts owed to group undertakings

-

40,552

Social security and other taxes

178,118

110,010

Directors' current accounts

862,121

1,399,670

Accruals and deferred income

230,623

264,082

2,221,593

2,899,238

13.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.6.25

30.6.24

£

£

Within one year

384,010

275,487

Between one and five years

510,376

645,452

894,386

920,939

14.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

£

57,380

Ordinary

£1

57,380

57,380

15.

RESERVES

Retained Earnings

Retained earnings represents cumulative profits and losses, net of dividends paid and other adjustments.

Share Premium Account

Share premium account represents the premium paid for new shares in excess of the nominal value.

Capital Redemption Reserve

This reserve was reconciled under Section 709 to 723 of the CA2006 when shares were cancelled in the year ended 30 June 2021.

16.	RELATED PARTY DISCLOSURES